Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Gilbertown, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gilbertown, AL provides a financial boost to eligible homebuyers in Gilbertown, AL, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Gilbertown, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gilbertown, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gilbertown, AL, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Gilbertown, AL without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Gilbertown, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gilbertown, AL.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Gilbertown, AL. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Gilbertown, AL and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
One of the key benefits of utilizing an FHA down payment assistance home loan in Gilbertown, Alabama is the ability to purchase a home with a lower than traditional down payment. This can make home ownership more accessible to individuals who may not have a large amount of savings upfront. Additionally, FHA loans often have more lenient credit score requirements compared to conventional loans, making them a great option for first-time home buyers or individuals with less-than-perfect credit histories. Furthermore, FHA loans also offer competitive interest rates, helping borrowers to save money over the life of their loan compared to other financing options. Demographics Gilbertown, Alabama is a small town with a population of approximately 2150 residents. The town has a diverse community with a mix of age groups and backgrounds, creating a welcoming and tight-knit atmosphere. Housing Market The housing market in Gilbertown offers a range of options for potential buyers, from historic homes with charm to new developments with modern amenities. The median home price in Gilbertown is affordable, making it an attractive location for those looking to invest in property. Main Attractions While Gilbertown is a small town, it offers plenty of charm and activities for residents and visitors. One of the main attractions is Choctaw National Wildlife Refuge, where nature lovers can enjoy hiking, birdwatching, and picnicking in a beautiful setting.
Benefits of FHA Down Payment Assistance Home Loan in Gilbertown, Alabama
